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QUESTION
Retrieve the FASB Accounting Standards Update (ASU)No. 2015-08 on Business Combinations -Pushdown Accounting at: http://www.fasb.org/cs/ContentServer?...
Retrieve the FASB Accounting Standards Update (ASU)No. 2015-08 on Business Combinations –Pushdown Accounting at: http://www.fasb.org/cs/ContentServer?c=Document_C&pagename=FASB%2FDocument_C%2FDocumentPage&cid=1176165999198
· In one brief paragraph, summarize the mainprovision(s) of the new ASU.
Main Provisions of New ASUThe new Accounting Standard Updated (ASU) focuses on the amendments made in topic 805(Business Combinations). As per this ASU certain transfers among the entities under...